Denys Serhiichuk
What is the chance of Ethereum (ETH) or XRP growing against the neutral Bitcoin (BTC)?
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According to CoinStats, the bulls proved stronger than the bears on the last day of the week.
Top coins from CoinStats
BTC/USD
The price of Bitcoin (BTC) has increased by 1.35% since yesterday. Over the last week the price has fallen by 2.69%.
Image from TradingView
On the daily time frame, BTC is trading sideways and gathering energy for further movement. In this case, ups or downs are unlikely to occur soon.
All in all, a consolidation between $42,000 and $43,000 is the more likely scenario for next week.
At press time, Bitcoin is trading at $42,571.
ETH/USD
Ethereum (ETH) price is up 0.73% in the last 24 hours.
Image from TradingView
Ethereum (ETH) looks more bullish than Bitcoin (BTC) on the daily chart. If growth continues towards $2,350 and consolidates above, the long accumulation could be enough for a resistance break, followed by a move into the $2,500 zone.
At press time, Ethereum is trading at $2,314.
XRP/USD
The XRP price has increased by 0.33% since yesterday.
Image from TradingView
The price of XRP has been moving sideways for several days in a row. The falling volume confirms that there are unlikely to be any drastic moves in the near future. In this regard, continued consolidation in the $0.61-$0.64 range is the more likely scenario.
At press time, XRP is trading at $0.6237.
About the author
Denys Serhiichuk
With over five years of trading experience, Denys has extensive knowledge of both technical and fundamental market analysis. Mainly, he started his blog on TradingView where he publishes all relevant information and makes predictions about top coins.
His experience is backed by working in top blockchain-related companies such as W12, Platinum Listing, ATB Coin and others. They can be contacted at [email protected].
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
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